A home buyer asks about holding a seller accountable for not disclosing a missing permit for a studio apartment and for an inaccurate address on the real estate contract. Because the home buyer bought the property five years ago he may have exceed the statute of limitations to sue the seller for not disclosing the probelm. The buyer should contact the title company about the address mistake and a real estate attorney about the permit problem.
When you sign a quit claim deed to give a property to your children, your children will have the original cost basis of the property. The original cost basis may result in your children having to pay higher taxes when they go to sell the property. If your children want to sell your home and give you the proceeds to support yourself they'll first have to pay taxes due on the sale. Learn how the taxes on such a home sale would be calculated and whether the sale affects Medicaid benefits. Timely estate planning can help you avoid these kinds of dilemmas.
A property owner wants to take advantage of an employer's relocation program, but their 5.1 acre property exceeds the restriction of 5 acre lots. If the property owners can't get the employer to waive the restriction, they will need to contact a real estate attorney to determine what they will have to do to divide the lot. They will most likely have to get a survey of the land and make sure they are not breaking any community ordinances about lot restrictions.
What's the impact of changing the design of the rooms in your home? Will changing the layout of the rooms in your home and their design change your ability to sell your home? Changing the layout or the design of the rooms of your home may help it to sell. You have to balance the cost of changing room design with the expected home sale results.
If you're trying to sell your home in a tough housing market you might consider offering a lease purchase. In a lease purchase the seller rents the property to a tenant who may later buy it. The tenant puts down a non-refundable option fee which goes toward the purchase of the home. Learn about how lease purchases work and if it's the right choice for you.
Are you selling your house? When selling your house you have to think like a buyer. Perhaps these house selling tips can help you sell your house faster.
A man wants to sell the home he shares with his female companion, but she does not. Selling the home is only the first of many issues between this man and his partner. First they need to decide what they are doing in their relationship, then they can think about selling the home.
For Sale By Owner - 1406 S. Princeton - Arlington Heights, IL
For Sale By Owner - 950 Shermer Road - Northbrook, IL. Large, beautiful house for sale on scenic Shermer Road is the ultimate family house.
